China News Service, Dongguan, June 10 Li Yingmin Li learned from the information Office of Dongguan Municipal Government of Guangdong on October 10 that dongguan will invest 100 million yuan (RMB) to expand export credit and insurance subsidies to stabilize foreign trade.

Shenzhen has always been a great competitive advantage with excellent manufacturing, even in the international reputation, furniture production is one of the most important.

A few days ago, the Office of the United States Trade Representative (USTR) issued a notice in the Federal Register announcing the elimination of WTO preferential treatment for 25 developing economies, including China and Hong Kong.

Some people have analyzed the situation of listed furniture enterprises affected by the trade war. Some listed furniture enterprises that rely heavily on U.S. exports, such as Zhongyuan Furniture, which accounts for more than 99% of overseas revenue and more than 60% of the North American market; Its shares, which account for more than 80 per cent of revenues from abroad and nearly half of that from the US, were hit hard.

Yihua Life released its performance report for the first half of 2019 on Aug 31.

So far, the six a-share listed furniture companies whose main business is foreign trade have all released their performance reports for the first half of 2019.